On March 29, the Company resolved to invest in AntWorks Pte. Ltd.(Headquarters: Singapore; CEO: Asheesh Mehra; hereinafter, "AntWorks"), which provides AI-based data recognition technology and automation solutions.

AntWorks is a startup that develops and provides a platform for automating business processes called RPA (Robotic Process Automation). A feature of the company's technology is that it provides everything from data recognition using AI to business automation on a single platform. For data recognition, AI technology that uses fractal theory makes it possible to read data even from non-standard format documents, which are said to account for 90% of documents in companies. The company's platform also has machine learning and natural language modeling capabilities, making it one of the most comprehensive automation platforms. Specifically, since it can handle non-standard format documents such as various financial statements, contracts, and invoices that do not have a fixed format, it has already been used by a variety of financial institutions, from major consulting companies to major regional banks in India, insurance companies, and other financial institutions. It provides industry customers with its platform, ANTsteinTM.

Until now, we have been working on the technologyization of analog real estate operations by utilizing AI and RPA. In particular, the development of the property Purchasing system "Tech Supplier" has reduced the man-hours required for property Purchasing by about 1/3 compared to conventional methods, and has improved productivity by reducing the search time for property proposals by up to 55%. "Tech Supplier" is a real estate business support system that uses AI image recognition technology to read Real estate advertising (commonly known as Mysoku) distributed in atypical formats, automatically create contract documents using RPA, and score properties.

Recently, in collaboration with financial institutions, we have been working on the construction of a digital mortgage platform that achieves significant operational efficiency improvements through the digitization of various documents related to mortgages, cloud-based collaboration between related parties, and the automation of simple operations. 

Against this background, we believe that there is a high degree of affinity between our business and that of the company. In addition, for the technologyization of existing industries such as FinTech (financial tech) and PropTech (real estate tech), which are collectively called X-Tech (cross tech), we also support non-standard format documents that utilize AI like our company. We recognize that the data recognition technology that can be used and the automation of operations by RPA are indispensable. We have decided to invest in the company, which provides such platform services not only in Singapore but also in the North American and Asian markets and contributes to the construction and utilization of various data.

●Overview of AntWorks
Company name: AntWorks Pte. Ltd.
URL: https://www.ant.works/
Headquarters: Level 3, 80 Amoy Street, Singapore
Established: 2014
Representative: CEO Asheesh Mehra
Business description:
Provides a platform that performs everything from data recognition of atypical format documents to business automation, and a cloud-based patient management system for North America